#financial-reporting
Financial Reporting
Create accurate financial reports and statements for better insights
Pre-Need Funeral Trust Accounting: How to Track Future Obligations and Recognize Revenue Correctly
Pre-need funeral payments are not revenue until service — they're trust liabilities. Accrual, revenue recognition, and compliance for 2026.
Section 174A Is Back: How OBBBA Restored Immediate R&D Expensing for Small Businesses in 2026 (and the New Form 6765 Reporting Rules)
OBBBA created Section 174A to permanently restore immediate expensing for domestic R&E after Dec 31, 2024. Learn the retroactive window that closed July 6, 2026, the new mandatory Form 6765 Section G for 2026, and how to tag domestic vs foreign costs by business component.
Reading Your First P&L and Balance Sheet: A New Business Owner's Guide to the Two Reports That Answer "Am I Making Money?"
New business owners confuse cash in the bank with profit earned. Learn how to read your P&L and balance sheet together — revenue, COGS, gross margin, assets, liabilities, and equity — plus the seven bookkeeping mistakes that make beginners misread their own numbers.
UK Companies House 2026 Filing Overhaul: Software-Only iXBRL Accounts and Mandatory Director ID Verification Explained
Companies House ECCTA reforms require verified director and PSC identities since November 2025, ACSP-gated filing from late 2026, and software-only iXBRL accounts with no abridged option — learn timelines, corporate-director limits, and the bookkeeping changes small companies must make now.
OMB Uniform Guidance 2026: Federal Grant Compliance Changes for Nonprofits
OMB's 2026 Uniform Guidance overhauls federal grant compliance for nonprofits, adding stricter payment verification, expanded subaward reporting, and tighter cost allowability rules—effective October 1. The comment period closes July 13; here's what changed and why it matters.
Real Estate Agent Bookkeeping After the NAR Settlement: Tracking Off-MLS Commission Negotiations
Post-NAR settlement, real estate brokers must track buyer-agent commissions across buyer agreements, seller offers, and purchase contracts. This guide covers documentation requirements, trust-account reconciliation, and the specific ledger entries that keep your 1099s honest and your licensing board satisfied.
The 24-Month Bookkeeping Cleanup: How Small Business Owners Get Their Books Buyer-Ready
More than half of small business sales that reach a signed letter of intent still fail to close, often because the seller's books can't survive a buyer's Quality of Earnings review — a 24-month, four-phase bookkeeping cleanup is how owners get financials buyer-ready before going to market.
Elevator & Escalator Maintenance Contractor Bookkeeping: ASC 606 and Job Costing
A framework for elevator and escalator maintenance contractors to recognize FMA and O&G contract revenue ratably under ASC 606, track lumpy repair costs by job, and separate capitalizable modernization work from routine service revenue.
Marketing Agency Retainer Accounting: How ASC 606 Revenue Recognition Actually Works
A practical guide to applying ASC 606 revenue recognition to marketing and creative agency retainers, covering standing-ready vs. activity-based retainers, deferred and unbilled revenue journal entries, and the due-diligence risks of booking full retainers as revenue on invoice date.
Reading Your First P&L and Balance Sheet: A New Business Owner's Guide
Learn to read P&L and balance sheets to understand your business's profitability and financial position. A practical guide for business owners on why both reports matter and how to use them for smarter decisions.
Bookkeeping for Document Shredding & Data Destruction Businesses
A chart-of-accounts guide for document shredding and data destruction companies covering three revenue streams (route, purge, hard drive destruction), NAID AAA certification costs ($3,000-$5,000 first year), chassis-vs-shredder depreciation, and treating paper recycling rebates as revenue rather than an unreconciled deposit.
Amazon Q2 2026 Earnings: AWS Accelerates 37% as a $53B Anthropic Gain Rewrites Profit
Amazon's Q2 2026: $200.6B net sales (+19.6%) and $62.6B net income (+245%) — but $53.4B of that was a non-operating gain from revaluing its Anthropic stake. Operating income rose 43% to $27.5B as AWS accelerated to 37% growth at a 39.4% margin, while trailing free cash flow turned to a $7.6B outflow on $169B of capex. Modeled line by line in a public Beancount ledger.